Posts Tagged ‘Lo and Mueller’

In making the transformation to economic governance, one needs to make a counter-intuitive leap from deterministic decisions to non-deterministic reasoning. This is not easy for most of us. Especially project managers who are experienced and trained in traditional project management disciplines of detailed planning, critical path analysis, earned value management and the like, have a very rough transition. They must move from a world of managing certainty, details and precision to a world of resolving uncertainty based on probabilistic judgments and investments.